Chesapeake's Notice Extends Oil Lease, 6th Circ. Says

Law360, New York (January 14, 2014, 10:18 PM ET) -- The Sixth Circuit ruled Tuesday that Chesapeake Appalachia LLC's filing of a pooling notice qualified as "operations" under an oil and gas lease and thus triggered an extension of the lease period, despite the landowners' objections that the company had not submitted a drilling application.

In reversing the lower court's decision, Circuit Judge Helene N. White ruled that Chesapeake’s filing of a “Declaration of Notice of Pooled Units” constituted “operations” under an oil and gas leasing contract, meaning the company had met its contractual deadline to...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers